Thursday, March 25, 2021

Buying a Home in the Long Beach Island Real Estate is Harder, but not Unobtainable

 

Buying a Home in the Long Beach Island Real Estate is Harder, but not Unobtainable



Buying a Home in the Long Beach Island Real Estate Market

The LBI Real Estate Market is Competitive, but Not Impossible in the current climate. While it is true that the already busy sales market was driven much higher as a result of Coronavirus, there are still many opportunities for buyers to find a deal. Buyers are facing a low inventory environment and while homes are selling quickly, with multiple offers and, in some cases, over full price, there are a few steps buyers can take to prepare themselves. Among these are:

  • Understanding the LBI real estate market and what determines the value of a home
  • Knowing the aspects of a home that are most important to you
  • Keeping up to date with new listings as they come on the market and being ready to come and see them in person at a moment’s notice.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market


You May Also Like:

Five Steps to Buying a Home in the Long Beach Island Real Estate Market

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What is Included in the Sale of a Home in the Long Beach Island Real Estate Market 







Thursday, March 11, 2021

Long Beach Island Real Estate Fiberglass Pools

 

Long Beach Island Real Estate Fiberglass Pools







Long Beach Island Real Estate

In the last few years, we have seen a surge in the number of pools being installed on Long Beach Island, the most common of which are fiberglass pools. The presence or absence of a pool on a property can have a meaningful impact of the value of a home in the LBI real estate market. Since a fiberglass pool is so common, any potential buyer and seller should understand the pros and cons of having a fiberglass pool in the LBI real estate market.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market


Long Beach Island Real Estate Fiberglass Pools


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361 N 9th Street, Surf City, New Jersey



361 N 9th Street offers an updated, turn-key duplex just a few houses from the bay in Surf City! This well cared for home has two separate apartments. The first floor has 2 bedrooms, 1 bathroom and a large living room, kitchen and dining area. The second floor has 1 bedroom, 1 bathroom and an open floor plan with an additional sleeping area. The current owner has performed several recent updates including landscaping, fresh paint, newer flooring, and updated kitchens. The large lot and outstanding location would make an ideal spot for a new home either now or in the future. 361 N 9th is the chance you have been waiting to purchase a summer home, year-round residence, rental investment or building opportunity!

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

Sunday, February 28, 2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 02/21/2021-02/28/2021

 

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 02/21/2021-02/28/2021




Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 02/21/2021-02/28/2021: There were a total 74 changes to the Long Beach Island real estate market this week. In the pre-COVID market, this would have been a rather slow week however in the current market, this is a normal amount of activity thanks to the low levels of inventory. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 10 new listings entered the market with an average price of $1,549,540
  • 25 listings went under contract with an average listing price of about $1,192,624
  • 22 properties sold on Long Beach Island with an average price of $1,120,859
  • 13 listings were either withdrawn of expired in the LBI real estate market

By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

More LBI Real Estate Information:

LBI Real Estate Accretion

Credit Scores in the LBI Real Estate Market

Arms Length Transaction in the LBI Real Estate Market

Saturday, February 27, 2021

LBI Real Estate Days on Market March 2020-February 2021

 

LBI Real Estate Days on Market March 2020-February 2021



Long Beach Island Real Estate and Coronavirus

LBI Real Estate Days on Market March 2020-February 2021. Since the Coronavirus pandemic began about one year ago, the Long Beach Island real estate market has undergone a remarkable transition. We have seen a roughly 30% increase in prices and inventory levels are at an all-time low. While competition is stiff, there are still buying opportunities in the LBI real estate market if you understand what determines the value of a home and remain patient and disciplined. To remain competitive, all buyers should understand the trends they are facing and one of these trends is the amount of time a home spends on the market for sale. A look at LBI Real Estate Days on Market March 2020-February 2021 can help shed some light on these trends.

  • Over the past year, the amount of time a home spent on the market has dropped by half
  • Currently, homes spend an average of less than 80 days on the market
  • The number of sales each month has fallen, but this has to do with a lack of inventory

By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market


LBI Real Estate Days on Market March 2020-February 2021


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Wednesday, February 24, 2021

Long Beach Island Real Estate Building Changes

 

Long Beach Island Real Estate Building Changes




Long Beach Island Real Estate New Construction

Building a new home in the LBI real estate market is one of the best investments you can make in the area. I handle this kind of transaction quite often and you should see a roughly 20%-30% equity position in the finished home. Additionally, when you design and build your own home, there is a much better chance of getting your “wish list” accomplished. One of the biggest challenges in building new is going over budget. It is very easy to spend money when building a new home so in this article, I will be going over the most common building changes and upgrades we see in the Long Beach Island real estate market.


Long Beach Island Real Estate Building Changes



By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

You May Also Like:

Building a New Home on Long Beach Island

What is a Deed in the LBI Real Estate Market

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Sunday, February 21, 2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 02/14/2021-02/21/2021

 

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 02/14/2021-02/21/2021




Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 02/14/2021-02/21/2021: There were a total 76 changes to the Long Beach Island real estate market this week. The market continues to experience a shortage of inventory, but demand remains very high. Buyers seem to have a lot of confidence in the LBI real estate sales market. To help understand the dynamics of the market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 14 new listings entered the market with an average price of $1,610,764
  • 39 listings went under contract with an average listing price of about $1,327,328
  • 13 properties sold on Long Beach Island with an average price of $1,553,167
  • 5 listings were either withdrawn of expired in the LBI real estate market

By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

More LBI Real Estate Information:

Credit Scores in the LBI Real Estate Market

Conventional Mortgages in the LBI Real Estate Market

LBI Real Estate New and Active Listings in 2020

Adverse Possession in the LBI Real Estate Market

LBI Real Estate Deed-in-Lieu of Foreclosure